Despite the fact that the financial landscape is quite turbulent right now, it cannot be denied that cryptocurrencies have generated significant rewards for their investors since March 2020. According to statistics, the cryptocurrency market has increased by more than 79 percent since its low point in March 2020. Shiba Inu has consistently ranked first among all major cryptocurrencies in terms of investment returns. Despite the fact that Bitcoin and Ethereum are expected to be the top gainers in the market in 2021, it has always been Shiba Inu that has drew the attention of a number of new cryptocurrency investors. SHIB posted some of the best single-year returns the market has ever seen last year. SHIB was able to make staggering earnings of about 121,000,000 percent in a relatively short amount of time. In fact, SHIB was able to take over Dogecoin and become the largest meme coin for a short time. Shiba Inu, on the other hand, lost most of its market supremacy as the market dropped. It’s been a long time since investors expected to see a rise in the price of cryptocurrency, but it’s been on a downward trend ever since. However, as we approach 2022, Shiba Inu appears to be gaining traction and appears to be on its way to becoming the top cryptocurrency in this dismal crypto market.
There have been various recent debates over the Shiba Inu and its future importance. In the midst of the market’s extreme volatility, SHIB’s originator Ryoshi left, prompting investors to wonder what went wrong! Coin of the meme Ryoshi, the pseudonymous founder of Shiba Inu, has taken down all of his tweets and blogs. His last post was in May 2021, and after a year of inactivity, the originator and founder of Shiba Inu has taken down all of his articles and blogs from Twitter. This sparked a lot of curiosity among investors regarding the true reason for the creator’s resignation. Experts forecast that the SHIB price will see some downtrends again as a result of this unexpected event! Nonetheless, engineers are working hard to assist SHIB achieve fame, thus Shiba Inu may erupt shortly.
Lamborghinis and Ferraris can now be booked with Shiba Inus.
Shiba Inu will now be utilized to make reservations for supercars such as Ferrari, Lamborghini, Rolls-Royce, Aston Martin, and others. Travala, a cryptocurrency-friendly travel platform, introduced this to boost Shiba Inu adoption and awareness. Users from all over the world can use their SHIB tokens to book over three million travel products on their website, including flights, hotels, and vacation packages. As a result, SHIB continues to gain traction as a payment mechanism in the rapidly changing travel industry. However, there are a number of other elements that will define SHIB’s market influence.
SHIB is branching out into the Web3 and Metaverse.
The ShibaBurn and ShibaSwap are the most recent additions to Shiba Inu’s network. For the leading industries, the metaverse has become an important playing ground. SHIB’s metaverse plans, like those of numerous other metaverse-focused cryptocurrencies, include the sale of virtual land or plots. Investors can rename plots and even lease them after minting their lands with SHIB tokens, all of which will leverage the Shiba Inu tokens and even burn them, increasing their value in the future.
Is Shiba Inu gearing up for a comeback?
A 35 percent rally occurred at the beginning of May. However, as the market entered a sell-off season, SHIB began to plummet, and none of its initiatives were successful. Since then, the token appeared to be on the mend. Despite the fact that Shiba Inu’s endeavors have frequently failed to impress investors, it appears that the cryptocurrency will continue to prevail and push through its adverse price trends. The price of the token could be heavily influenced by social media activity. Nonetheless, SHIB developers are laying the groundwork for some solid use cases that will help the cryptocurrency gain traction in the market.
